Solid earnings expected in new year

For the first time in many years US investors have become increasingly concerned about the growing prospect of a hard landing. After five years of annual 20% plus appreciation, the S&P 500 has gone through a period of consolidation. Since it's high in March , the main US index has fallen 15%. The real damage has occurred in the technology laden Nasdaq index, which is now down 49% from its high and 30% over the last 2 months. This constitutes the largest fall since 1971 and is reflective of several growing sources of concern for the US financial markets. Although there was a uniform desi...